Jack in the Box Inc. First Quarter Earnings Sneak Peek

Jack in the Box, Inc. (NASDAQ:JACK) will unveil its latest earnings on Wednesday, February 22, 2012. Jack in the Box owns, operates and franchises quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants.

Jack in the Box, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 26 cents per share, a decline of 57.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 45 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 28 cents during the last month. Analysts are projecting profit to rise by 17.4% compared to last year’s $1.33.

Past Earnings Performance: Last quarter, the company topped expectations by 8 cents, coming in at net income of 49 cents per share versus a mean estimate of profit of 41 cents per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: Analysts predict a decline of 5.3% in revenue from the year-earlier quarter to $629.4 million.

Analyst Ratings: With five analysts rate analysts rating the stock a buy, two rate rating it as a sell, and six rate rating it a hold, analysts are bullish on the stock.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than fivefold to $22.7 million (48 cents a share) from $4 million (8 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 10.5% to $504.2 million from $563.2 million.

Key Stats:

Revenue has dropped for four consecutive quarters. Revenue declined 0.8% in the third quarter of the last fiscal year from the year earlier, dropped 4.6% in second quarter of the last fiscal year from the year-ago quarter and 2.4% in the first quarter of the last fiscal year.

The profit increase in the fourth quarter of the last fiscal year broke a two-quarter streak of year-over-year profit decreases. The figure dropped 22.7% in the third quarter of the last fiscal year and 61.5% in the second quarter of the last fiscal year.

Stock Price Performance: Between December 19, 2011 and February 16, 2012, the stock price had risen $2.97 (14.6%), from $20.35 to $23.32. The stock price saw one of its best stretches over the last year between June 10, 2011 and June 23, 2011, when shares rose for 10 straight days, increasing 8.4% (+$1.73) over that span. It saw one of its worst periods between August 29, 2011 and September 6, 2011 when shares fell for six straight days, dropping 5.6% (-$1.17) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com